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5/20, 7:30 PM (Source: TeleTrader)
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Fed's Bullard: US GDP to grow up to 3% in 2022

Federal Reserve Bank of St. Louis President James Bullard forecasted on Friday that the economy of the United States will expand by between 2.5% and 3% in 2022.

In an interview with Fox Business, the central banker pointed out that recession is not likely to occur in neither 2022 nor the year after.

Bullard reiterated that he is in favor of raising interest rates by 50 basis points over several meetings, but allowed the possibility of a sharper hike if data deems it necessary.

Baha Breaking News (BBN) / BU